ECON102: Principles of Macroeconomics

Watch these videos, which examine different schools of economic thought about the shape of the aggregate supply curve. Is there a way to reconcile these beliefs with a unifying theory? John Meynard Keynes insisted on the need for government intervention when the economy was struggling from high unemployment during the Great Depression. The presentations offer perspectives on the challenges of explaining and addressing economic problems. We explore these theories in more detail in Unit 6.